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Transcripts For FOXNEWS Americas Newsroom 20120907

convention last night. here to talk about it, stuart varney, anchor of varney & company on the fox business note work. white house will claim, look, the total unemployment number came down a little bit. what say you? i say this is a flat-out bad report on the state of the economy. america simply is not at work. for every every job created last month, four people dropped out of the workforce. we have lower proportion of people actually working, who are actually working in the last 32 years. 368,000. that s the number to watch. 368,000 people just quit. no longer even looking for work. they are not part of the workforce. that is the reason why the unemployment rate went down. but you ve got to balance that, i mean the politicians will no doubt spin the lower unemployment rate but you must balance that fence a much smaller workforce. large numbers of people giving up hope in despair and only 96,000 jobs created. in an economy with 132 million paychecks, 96,000 new jobs is ju

Transcripts For FOXNEWSW Americas Newsroom 20120907

gregg: this latest report after the president s acceptance speech at the democratic national convention last night. here to talk about it, stuart varney, anchor of varney & company on the fox business note work. white house will claim, look, the total unemployment number came down a little bit. what say you? i say this is a flat-out bad report on the state of the economy. america simply is not at work. for every every job created last month, four people dropped out of the workforce. we have lower proportion of people actually working, who are actually working in the last 32 years. 368,000. that s the number to watch. 368,000 people just quit. no longer even looking for work. they are not part of the workforce. that is the reason why the unemployment rate went down. but you ve got to balance that, i mean the politicians will no doubt spin the lower unemployment rate but you must balance that fence a much smaller workforce. large numbers of people giving up hope in despair